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UK House Price Index for October 2017

The UK House Price Index (UK HPI) shows house price changes for England, Scotland, Wales and Northern Ireland.

The October data shows:

  • an annual price rise of 4.5%, which takes the average property value in the UK to £223,807
  • house prices have fallen by 0.5% since September 2017

England

The data for England shows:

  • an annual price rise of 4.7% which takes the average property value to £240,860
  • house prices have fallen by 0.6% since September 2017

The regional data indicates that:

  • the East Midlands experienced the greatest rise in average property price over the last 12 months, up by 7%
  • the East Midlands and the South West experienced the greatest monthly price rise, both up by 0.2%
  • London saw the lowest annual price rise, up by 2.1%
  • the North West saw the most significant monthly price fall, down by 2%

Price change by region for England

Region Average price October 2017 Annual change % since October 2016 Monthly change % since September 2017
East Midlands £184,544 7.0 0.2
East of England £289,168 6.1 0.1
London £481,102 2.1 -0.9
North East £127,224 2.4 -0.1
North West £154,056 3.9 -2.0
South East £322,311 4.6 -0.5
South West £251,376 6.7 0.2
West Midlands £186,351 5.2 -1.1
Yorkshire and the Humber £155,281 3.3 -1.1


Repossession sales by volume for England

The lowest number of repossession sales in August 2017 was in the East of England.

Repossession sales August 2017
East Midlands 52
East of England 10
London 48
North East 72
North West 103
South East 46
South West 44
Yorkshire and the Humber 99
West Midlands 70
England 544


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Channel website: https://www.gov.uk/government/organisations/land-registry

Original article link: https://www.gov.uk/government/news/uk-house-price-index-for-october-2017

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